Cryptocurrency Q&A
What is Casascius coins?
What is Casascius coins?
EnchantedSky
Sun Dec 15 2024
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6 answers
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Casascius coins are physical coins with embedded Bitcoin value. They were created by Mike Caldwell as a novel way to store and gift Bitcoins. Each coin is made of brass, gold-plated, and features a hologram and tamper-resistant sticker to ensure authenticity. The private key, necessary to access the Bitcoin value, is hidden under the hologram and can only be revealed by peeling it off, a process which cannot be undone. This unique combination of physical and digital security features makes Casascius coins a sought-after collector's item in the Bitcoin community.
6 answers
CryptoVisionary
Tue Dec 17 2024
To achieve this, he created physical coins that contained an embedded piece of paper.
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EchoSeeker
Tue Dec 17 2024
This paper held the digital value of Bitcoin, effectively making the virtual currency physical.
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Lorenzo
Tue Dec 17 2024
Casascius physical Bitcoins were an innovative idea brought to life by a Bitcoin user named Mike Caldwell.
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CryptoSavant
Tue Dec 17 2024
The coins were wrapped in a tamper-resistant hologram, ensuring their authenticity and security.
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DigitalEagle
Tue Dec 17 2024
Mike Caldwell had a vision to transform the virtual currency of Bitcoin into a tangible form.
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